Can interest during construction stage be paid out of ECB borrowings? https://www.taxtmi.com/manuals?id=5844 The all-in-cost prohibition on using ECB proceeds for interest does not apply to ECBs raised for project finance when guarantee fees and interest during construction are components of the project cost and are capitalised, permitting use of ECB or trade credit proceeds for those payments. en-us Thu, 21 Nov 2024 14:19:00 +0530 Thu, 21 Nov 2024 14:19:00 +0530 TaxTMI RSS Generator Can interest during construction stage be paid out of ECB borrowings? https://www.taxtmi.com/manuals?id=5844 The all-in-cost prohibition on using ECB proceeds for interest does not apply to ECBs raised for project finance when guarantee fees and interest during construction are components of the project cost and are capitalised, permitting use of ECB or trade credit proceeds for those payments. Manuals FEMA Thu, 21 Nov 2024 14:19:00 +0530 https://www.taxtmi.com/manuals?id=5844